Better Energy has secured a €65m loan from AP Pension, one of Denmark’s largest pension funds, the company said. The funds from the loan will be used to finance the construction and maintenance of a portfolio of five photovoltaic farms (Polanów, Postomino, Nidzica, Helenowo, Krapkowice) with a total capacity of 237 MW.
Most of these locations have already been connected to the network.
“Thanks to this loan agreement, we have a direct impact on accelerating the green transformation in Poland. AP Pension and all our members can be proud of our cooperation with Better Energy, because it will increase the national supply of energy from renewable sources,” said Helle Ærendahl Heldbo, director of alternative investments at AP Pension, quoted in the release.
Better Energy has power purchase agreements (PPAs) with large market players – including Toms Group and Faerch Group – for the supply of energy from photovoltaic farms to their facilities in Poland.
“It is encouraging that Danish pension funds are working closely together on renewable energy projects and are investing in activities that will help increase the generation and supply of green electricity in Europe,” added Christoffer Larsen, executive vice president of investment at Better Energy.
Better Energy is a leader in the generation of green energy and one of the fastest growing producers of renewable energy in Northern Europe. Established in 2012 in Denmark, the company develops, finances, builds and operates large photovoltaic farms and sells the renewable energy it generates. Currently, Better Energy operates in Poland, Denmark, Sweden and Finland.